Tigerair doubles net profit for 3Q 2016

Singapore-based low-cost carrier (LCC) Tigerair reported a 3Q 2016 net profit of S$6.8 million ($4.75 million), more than doubled compared to a S$2.2 million profit in the year-ago period.
CEO Lee Lik Hsin said low fuel prices helped the carrier’s performance and he expects further benefit from the cost of jet fuel.
Tiger Group 3Q revenue increased 1.5% to S$187.4 million, driven significantly by higher lease rental income from aircraft and engine leasing arrangements with Tigerair ...

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